Provident Financial (NASDAQ:PROV – Free Report) had its target price lowered by Piper Sandler from $15.00 to $14.00 in a report published on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.
Separately, StockNews.com started coverage on shares of Provident Financial in a research report on Wednesday, April 24th. They set a hold rating on the stock.
Read Our Latest Analysis on PROV
Provident Financial Stock Performance
Provident Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, May 15th. Provident Financial’s dividend payout ratio (DPR) is currently 53.85%.
Institutional Investors Weigh In On Provident Financial
An institutional investor recently raised its position in Provident Financial stock. Federated Hermes Inc. increased its position in Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,798 shares of the financial services provider’s stock after purchasing an additional 1,173 shares during the period. Federated Hermes Inc. owned approximately 0.37% of Provident Financial worth $338,000 at the end of the most recent quarter. 71.34% of the stock is owned by institutional investors.
About Provident Financial
Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.
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